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2017-04-10 17:08:53

GOL

GOL Linhas

$30.71

1.35 (4.60%)

17:08

04/10/17

04/10

17:08

04/10/17

17:08

GOL Linhas reports preliminary March traffic figures

GOL Linhas announces preliminary air traffic figures for the month of March. Comparisons refer to the same period of 2016. GOL was the most punctual airline in Brazil in March 2017, with 96.8% of its departures occurring at the scheduled time, according to Infraero data, and GOL performed more than 21,000 flights in the month. Infraero considers as delay in departure flights with departures exceeding 30 minutes. The total volume of departures GOL decreased by 4.7%, and the number of seats declined 4.5%, while supply increased 5.8% due to the 6.6% increase in the average stage length. Demand increased by 11.8% in the period. GOL's load factor was 77.3% in March 2017, 4.1 p.p. up over the same period of 2016. In the domestic market, GOL increased its supply by 6.8% in March over the same period the year before. Domestic demand increased by 13.2% in the month, and GOL achieved a load factor of 76.9%, 4.3 p.p. up over March 2016. In March, GOL's international market supply fell by 1.6%, while demand increased by 1.7% resulting in load factor of 80.5%, which represents growth of 2.6 p.p. in relation to the same period of 2016.

GOLGOL Linhas

$30.71

1.35 (4.60%)

01/30/17

BOFA

01/30/17UPGRADEBOFABuy

GOL Linhas upgraded to Buy from Neutral at BofA/Merrill

02/02/17

DBAB

02/02/17UPGRADETarget $36DBABBuy

GOL Linhas upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank analyst Michael Linenberg upgraded GOL Linhas to Buy saying growth should return in the December quarter amid more moderate capacity growth and the perception that key economies and currencies have already bottomed. The analyst raised his price target for the shares to $36 from $24.

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